Pacifico 2, Colombia
John Laing acquired a 21.15 per cent interest in the Pacifico 2 road PPP project in Colombia in 2021 from Construcciones El Condor. Macquarie and Odinsa are the other shareholders in the project. This is John Laing’s second PPP investment in Colombia and builds upon our strong expertise in the roads sector, local presence and our extensive partnership network.
17k jobs created
96km dual carriageway
42 viaducts
21.15% John Laing ownership interest
Located 20 kilometres south of Medellin, the second largest city in Colombia, Pacifico 2 is an availability-based public-private partnership project with an operating concession that runs to 2043.
It includes the construction of a new 96 kilometre dual carriageway, two tunnels and 42 viaducts and bridges, as well an upgrade of 54 kilometres of existing road.
The project is part of the Colombian government’s Fourth Generation road building PPP programme aimed at improving road connectivity and safety across the country as well as supporting regional economic growth.
The road, completed in October 2021, provides a valuable connection between some of Colombia’s most important cities, including Medellin and Cali, as well as the country’s largest port, Buenaventura.It also connects Medellin with one of the main tourist centres in Colombia: the Coffee Triangle.
The construction of the road has created 17,000 jobs in the Antioquia region, with a local supply chain strategy supporting 169 businesses.
John Laing has launched a series of projects to support disadvantaged people in the surrounding communities.
These include providing water filters to 34 families and six schools. In addition, the John Laing local team has taken part in volunteering activities, including the planting of 300 trees and school painting projects in rural areas.
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